Quanex Building Products (NX)
Debt-to-assets ratio
| Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 813,420 | 831,143 | 847,809 | 822,112 | 827,026 | 724,617 | 743,607 | 740,490 | 718,272 | 717,323 | 719,192 | 715,572 | 694,271 | 691,585 | 686,791 | 712,885 | 667,200 | 645,110 | 680,064 | 707,042 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
January 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $813,420K
= 0.00
The debt-to-assets ratio of Quanex Building Products has consistently been reported as 0.00 across all the financial periods examined. This indicates that the company has not reported any debt on its balance sheet relative to its total assets during these periods. A debt-to-assets ratio of 0.00 suggests that the company is primarily financing its operations through equity or has minimal debt obligations compared to its asset base. It signifies a low level of financial risk related to debt burden and may indicate a strong financial position and stability. However, it is essential to note that while a low debt-to-assets ratio is generally positive, it might also indicate limited leverage which could potentially hinder the company's ability to leverage debt for growth opportunities.
Peer comparison
Jan 31, 2024